Raise Texas
- Assets
- $654.9k
- Revenue
- $434.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-2087882
Organization Overview
Raise Texas is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Raise Texas employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raise Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Raise Texas generated $434.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $415.0k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE TEXAS ADVANCES EQUITABLE POLICIES AND PROGRAMS THAT FOSTER FINANCIAL SECURITY AND ECONOMIC MOBILITY FOR LOW- AND MODERATE-INCOME TEXANS. WE EQUIP, INNOVATE AND ADVOCATE TO REDUCE DISPARITIES, REMOVE BARRIERS AND BUILD OPPORTUNITIES FOR TEXANS TO BE FINANCIALLY SECURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE TEXAS STRENGTHENS THE CAPACITY OF NONPROFITS, PROMOTES ACCESS TO SAFE FINANCIAL SERVICES, AND SUPPORTS COMMUNITIES ACROSS THE STATE BY OFFERING RESOURCES, PROFESSIONAL DEVELOPMENT, TRAINING, AND CONVENINGS TO ADVANCE FINANCIAL SECURITY AND ECONOMIC MOBILITY. IN 2023, WE PROVIDED TECHNICAL ASSISTANCE TO FINANCIAL COACHING PROGRAMS, CHILDREN'S SAVINGS ACCOUNT INITIATIVES, AND VOLUNTEER INCOME TAX ASSISTANCE (VITA) TO STREAMLINE OPERATIONS, EXPAND SERVICES, AND IMPROVE ACCESS. WE ALSO DELIVERED NINE ONLINE TRAINING COURSES FOR THE FINANCIAL HEALTH AND ASSET-BUILDING SECTOR. ADDITIONALLY, WE HOSTED THREE IN-PERSON CONVENINGS: OUR 15TH ANNIVERSARY SUMMIT AT THE FEDERAL RESERVE BANK OF DALLAS, BRINGING TOGETHER 193 COMMUNITY LEADERS FROM 113 ORGANIZATIONS; THE INAUGURAL TEXAS VITA CONFERENCE, WITH 80 PARTICIPANTS FROM 38 VITA PROGRAMS SHARING STRATEGIES FOR ADVANCING VITA'S ESSENTIAL WORK; AND, A WORKSHOP FOR NONPROFIT STAFF ON NARRATIVE CHANGE WITH DR. TIFFANY MANUEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Depenning Chairman | OfficerTrustee | 1 | $0 |
Levar Martin Secretary | OfficerTrustee | 1 | $0 |
Phyllis Young Treasurer | OfficerTrustee | 1 | $0 |
Ann Baddour Director | Trustee | 1 | $0 |
Kseniya Benderskaya Director | Trustee | 1 | $0 |
Zoraima Diaz-Pineda Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,527 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,832 |
| Total Program Service Revenue | $129,749 |
| Investment income | $21,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $18,625 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,217 |
| Compensation of current officers, directors, key employees. | $13,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,140 |
| Pension plan accruals and contributions | $4,200 |
| Other employee benefits | $1,213 |
| Payroll taxes | $21,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,801 |
| Advertising and promotion | $595 |
| Office expenses | $2,343 |
| Information technology | $3,438 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,399 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,660 |
| All other expenses | $0 |
| Total functional expenses | $414,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,786 |
| Savings and temporary cash investments | $272,579 |
| Pledges and grants receivable | $25,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,997 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,862 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $594,862 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $654,862 |
Grants Awarded
Over the last fiscal year, Raise Texas has awarded $52,617 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS COUNCIL ON ECONOMIC EDU PURPOSE: Smarter Tx finacial ed program | $24,050 |
FOUNDATION COMMUNITIES PURPOSE: Project support | $12,650 |
UNITED WAY OF METROPOLITAN DA PURPOSE: Project support | $6,667 |
UNITED WAY OF TEXAS PURPOSE: Project Support | $9,250 |